Amazon entered the consumer market in 1994 after its former CEO, Jeff Bezos, created an online marketplace for books. It has come a long way since its inception, and the above is evident today in 2022. This year Amazon earned revenue of more than $469.8 billion and gave back over 76% to its investors two years ago in 2020.
Kavan Choksi- a guide to Amazon stocks
Kavan Choksi is an esteemed investor, founder, and wealth and business management consultant at KC Consulting. He has been instrumental in helping several businesses revitalize their profits and make the most of their money from investments.
According to him, if you do not want to work with a financial advisor, you can purchase Amazon stocks by yourself by opening an account in your name with any stock trading application or an investment platform on the Internet.
Setting up your brokerage account
One of the fastest and simplest ways for you to get started with Amazon stocks is to open your personal brokerage account. He advises that if you are investing in Amazon stocks as a first-time investor, you should select a brokerage that is in sync with your own investing style. You should consider the account features to include and make a comparative analysis of the fee plans of different brokers to get one that suits your needs the most.
Benefits of these accounts
Brokerage accounts expose an investor to a wide range of stocks and also lets you invest in several other kinds of assets like mutual funds, ETFs, bonds, options, and more. All the brokers of these platforms will not allow you to skip their trading fees. However, the best media will give you features that would enable trading with no commission, different types of investments, and multiple accounts. You will also enjoy the benefits of customer support 24/7 and fractional shares.
The process of buying shares is straightforward
He states the purchase of buying stocks from Amazon is simple than before as it is easily accessible to investors in the retail sector since the 20-for-1 stock split that occurred in June this year. According to him, as soon as this split was executed, shares at Amazon were trading at $125 every year, and in recent days, their prices have dropped to $115 for each share.
Business and finance expert, Kavan Choksi states that the above trend has been the case with the other stocks in the technology markets, and so this does present a unique opportunity for traders. They can buy stock directly from Amazon at a reasonable and fair price. At the same time, the investor will get multiple types of accounts when perusing the offerings of the brokerage. These individual accounts for brokerage are the best bets if you are trading stocks on your own. If you want to deal with another person as a partner, you should go in for a joint brokerage account for the task. Not all trading platforms give you the opportunity to trade stocks in joint accounts, so choose a platform that offers you that option.